Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Tata BP Solar CEO Resigns as Chinese Rivals Hurt Indian M

The chief executive officer of Tata BP Solar Ltd. resigned, exiting India’s third-largest panel maker as the industry struggles to cope with oversupply from Chinese competitors that’s crushed prices.

K. Subramanya said in an e-mail that tomorrow will be his last day at the head of the solar company and that he hasn’t decided yet what he will do next. He didn’t provide a reason for his resignation.

Indian panel makers such as Tata BP, Indosolar Ltd. and Moser Baer India Ltd. are struggling along with counterparts in the U.S. and Europe after lower-cost Chinese manufacturers boosted supply. Germany and Italy, the two biggest markets for the technology, have scaled back subsidies for renewable energy.

Indian manufacturers received almost no orders for the more than 700 megawatts of sun-powered capacity under construction in the nation last year and have idled their factories, Subramanya said in an interview in December.

Tata Power Co., the utility arm of the industrial group that owns Jaguar Land Rover, agreed to buy out BP Plc’s stake in the Indian joint venture in December after the British oil company said it was winding down its solar business worldwide.

Prices of silicon-based panels plunged 47 percent in the past year, helping to tip at least seven U.S. and German manufacturers into bankruptcy.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.